Equinix (EQIX) awards 3,743 restricted stock units to revenue chief
Filing Impact
Filing Sentiment
Form Type
4
Rhea-AI Filing Summary
Equinix Inc. reported that Chief Customer & Revenue Officer Michael Shane Paladin received an award of 3,743 restricted stock units (RSUs) on February 6, 2026 at a stated price of $0 per unit. These RSUs vest in three equal 33.33% installments on January 15, 2027, January 15, 2028, and January 15, 2029, contingent on his continued service with Equinix or its subsidiaries. The award terminates if his service ends, and following this grant he beneficially owns 3,743 derivative securities directly.
Positive
- None.
Negative
- None.
Insider Trade Summary
1 transaction reported
Mixed
1 txn
Insider
Paladin Michael Shane
Role
Chief Customer & Rev Officer
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Grant/Award | Restricted Stock Unit | 3,743 | $0.00 | -- |
Holdings After Transaction:
Restricted Stock Unit — 3,743 shares (Direct)
Footnotes (1)
- Vesting is dependent upon continuous active service as an employee, consultant or director of the Company or a subsidiary of the Company (Service) throughout the vesting period. The Restricted Stock Units shall vest as follows: 33.33% of the RSUs vested on January 15, 2027 and an additional 33.33% of the RSUs will each vest on January 15, 2028 and January 15, 2029. Restricted stock unit award expires upon reporting person's termination of service.
FAQ
What insider transaction did Equinix (EQIX) report for Michael Shane Paladin?
Equinix reported that Chief Customer & Revenue Officer Michael Shane Paladin received 3,743 restricted stock units on February 6, 2026. The RSUs were granted at a stated price of $0 per unit and are held directly as derivative securities.
How many restricted stock units did Equinix (EQIX) grant to its revenue chief?
Equinix granted 3,743 restricted stock units to Chief Customer & Revenue Officer Michael Shane Paladin. These units represent rights to receive shares of Equinix common stock, subject to the vesting schedule and continued service conditions described in the Form 4 filing.
What is the vesting schedule for Michael Shane Paladin’s Equinix (EQIX) RSUs?
The 3,743 restricted stock units vest in three equal 33.33% portions. One-third vested on January 15, 2027, with additional 33.33% tranches scheduled to vest on January 15, 2028, and January 15, 2029, assuming continuous qualifying service.
What service conditions apply to the Equinix (EQIX) RSUs granted to Michael Shane Paladin?
Vesting of the RSUs depends on continuous active service as an employee, consultant, or director of Equinix or its subsidiaries. If the reporting person’s service terminates, the restricted stock unit award expires according to the footnotes in the Form 4.
How many derivative securities does Michael Shane Paladin own after this Equinix (EQIX) grant?
Following the February 6, 2026 grant, Michael Shane Paladin beneficially owns 3,743 derivative securities, all representing restricted stock units. The filing lists these as directly held, with no indication of indirect ownership through another entity.
What role does Michael Shane Paladin hold at Equinix (EQIX) in this Form 4?
In the Form 4, Michael Shane Paladin is identified as an officer of Equinix, serving as Chief Customer & Revenue Officer. He is not listed as a director or 10% owner, and the filing is made for one reporting person only.